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Bank of Communications' HK Unit to Raise Capital By HK$7.1 Billion Via Earnings Conversion
Are Banks under pressure from interest margins looking to Overseas for profits? The 2025 annual plan reveals that Overseas Business may become a new highlight.
① The Industrial And Commercial Bank Of China stated that efforts should be made to explore a second growth curve for Overseas Operation; ② For companies going global, it means that both upstream and downstream industries are venturing overseas together, which means more Chinese enterprises are setting up factories and operating locally.
Bank Of Communications (03328.HK): The unallocated profits of Bank Of Communications (Hong Kong) have received regulatory approval for the increase of capital.
On January 20, Gelonghui reported that Bank Of Communications (03328.HK) announced that its wholly-owned subsidiary, Bank Of Communications (Hong Kong) Limited (hereinafter referred to as the "Hong Kong subsidiary"), has increased its capital by transferring an undistributed profit of not more than 7.1 billion Hong Kong dollars (without providing Cash / Money Market options to shareholders). After the transfer, the Hong Kong subsidiary's capital stands at 45 billion Hong Kong dollars, and the company continues to maintain full ownership of the Hong Kong subsidiary. This capital transfer matter has been reviewed and approved by the company's Board of Directors and does not need to be submitted for shareholder meeting approval.
The Banks wealth management market welcomes a "big year": the existing scale reaches 29.95 trillion, and the number of investors is 0.125 billion.
The year 2024 is a significant year for the Banks' wealth management market in our country, with scale and users continuing to maintain a steady growth trend.
Banks are "short of money," and the yield on interbank certificates of deposit has surpassed that of 10-year government bonds, with the scale of maturing certificates of deposit nearing 6 trillion in the first quarter.
① The recent abnormal situation of banks lacking liabilities is also related to the outflow of non-bank deposits caused by the new self-regulation rules at the end of November 2024. ② The funding situation this morning has improved significantly compared to the past two days, but it remains relatively tight.
The AUM of private banking has grown against the trend; high-end clients are the future of Banks.
In 2024, amid narrowing interest margins and weak income in the banking industry, one Indicator continues to "skyrocket." Data from the corporate early warning system shows that China's private banks...
